Technology briefs

Systems

Barra buys FEA

Barra, the Berkeley, California-based risk management technology vendor, says it has acquired Financial Engineering Associates (FEA), the privately held sell-side options and risk analytics developer founded by Mark Garman, for $21.25 million in cash. Barra says FEA – also based in Berkeley – has more than 700 clients in the US, Europe and Asia, and operating revenues from software licensing and maintenance of about $8 million for its fiscal year ending February 28, 2002, an

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